USA – Linear Labs, a Fort Worth, Texas-based smart energy company, raised an additional $6m in funding.
Backers included Champion Hill, Chris and Crystal Sacca’s Lowercarbon Capital, Kindred Ventures, Gen Fukunaga, Duke Angel Network, Spike Ventures, and Moving Capital. The company intends to use the funds to further develop manufacturing capabilities and grow their employee base. The funding will be used to expand manufacturing expertise, supply chain infrastructure and logistics, as well as advanced automation and robotics engineering. Led by Brad Hunstable, Co-Founder and Chief Executive Officer, Linear Labs is entering production with its torque and efficiency electric motor system designed to deliver ultra-high efficiency with patented innovations. Its smart electric motors are IOT connected with machine learning intelligence software and feature electric transmission able to adjust for changing conditions in real time, compounding efficiencies as motor settings are customized to application and usage needs.Clients for these motors include global OEMs in automotive, micro-mobility, industrial pump and applications, as well as residential and light commercial HVAC.The company has also expanded their Board of Directors to include Chris MacFarland, Chairman and CEO of Texas-based Masergy, a software-defined cloud platform leader. 15/10/2020
